arrow_back Back to App

Modifications to Conservation Loan Guarantees for Farmers

This bill amends the Agricultural Act of 1961 to modify limitations applicable to qualified conservation loan guarantees. It adjusts the portion of a loan the Secretary may guarantee based on the principal amount and establishes exceptions for beginning farmers or ranchers and socially disadvantaged farmers or ranchers. The bill also sets a maximum guarantee amount and provides for annual inflation adjustments.
Key points
Guarantee Percentage: The Secretary may guarantee up to 90% of a loan with a principal amount of $3,000,000 or less; this percentage decreases as the loan amount increases.
Exception for Certain Producers: For qualified beginning farmers/ranchers or socially disadvantaged farmers/ranchers, the guarantee may be up to 95% for amounts up to $3,000,000.
Maximum Amount and Inflation: The Secretary may not guarantee a loan exceeding $4,000,000, and dollar figures will be annually adjusted based on the Prices Paid By Farmers Index.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2186
Sponsor: Rep. Bost, Mike [R-IL-12]
Process start date: 2021-03-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

BALE Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2186.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-26.

What are the main provisions?

Key points include:

  • Guarantee Percentage: The Secretary may guarantee up to 90% of a loan with a principal amount of $3,000,000 or less; this percentage decreases as the loan amount increases.
  • Exception for Certain Producers: For qualified beginning farmers/ranchers or socially disadvantaged farmers/ranchers, the guarantee may be up to 95% for amounts up to $3,000,000.
  • Maximum Amount and Inflation: The Secretary may not guarantee a loan exceeding $4,000,000, and dollar figures will be annually adjusted based on the Prices Paid By Farmers Index.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Bost, Mike [R-IL-12].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Agriculture Environment Economy